Skip to main content

About your Search

20120928
20121006
Search Results 0 to 7 of about 8 (some duplicates have been removed)
is for a long-term comprehensive bipartisan deficit reduction goal. in our opinion that deal needs to have the millennium voice. if not, there will not be a deal we believe. >>neil: would the group be if their 20's? >>guest: between 18 and 32. >>neil: you telling them when it comes to entitlements, especially, we don't start addressing this, there will be nothing for any of us? >>guest: right. we are trying to connect the issue to their lives. we saying you need to hear about this because sometimes it is hard to tell people, here is what will happen 40 years down the road. what we are telling them, we are talking about lost opportunity. to be honest, they are angry. they want to do something. >>neil: what what i amire about what you are trying to do, the commercial on an educated consumer is the best customer. young people don't realize this is saveable. a majority of young people assume they not going to get because the well will run dry, they can get if all age groups, all demographics start moving. how do you make that pitch? what do you say? >>guest: well, we are basically out there co
to avoid that before the end the year with the deficit reduction plan that deals with the expiring tax cuts and the $1 trillion cuts to defense and domestic programs. a new report out today says this could be a plan developing to help lawmakers move forward on it all. "new york times" reports that colorado democratic senator bennett and tennessee republican senator alexander are representing their parties and would in part set a deficit reduction target of $4 trillion over 10 years. congressional committee would do the work taking six to 12 months figuring out how to achieve that with tax increases and cuts to federal programs. if that fails, part two would then be an automatic deficit reduction structure in effect, likely similar to simpson-bowles. finally, lawmakers are likely under this framework, to vote to put off the tax increases and the automatic spending cuts physical some sometime in 2013. barring some action, here are examples of what would happen in 2013. if your income is $40,000 to $60,000, your taxes go up $2,000 next year. if you are in the top 20 percent with an income over
the 2012 deficit had exceeded, now, $1.1 trillion. more than $1 trillion, four years in a row. >>guest: what a record. that means, and we have talked about this of with, four straight years of $1 trillion plus gifts. if you total them up over the four years it is $5 trillion. the first year of that i blame on president bush. the last three years have been president obama. don't forget, another one of the president's key campaign promises back in 2008, remember that? he said i will cut this deficit in half. $4 trillion he promised. talk about the bush tax cut expiring if biden is right and you increase taxes by $1 trillion how does that turn into jobs? >>guest: we will talk about what taxes they are talking about raising. they are talking about raising small business tacks from 35 to 41 or 42 percent. the capital gains tax is the capital we use to start businesses, that tax goes up from 15 percent to 24 percent. and you have estate taxes going up and dividend taxes going up. you have been in the financial market as long time, if you raise the taxes you know the impact it will have on in
. it does not do anything if the deficit we have had. you give the bigger growth to the federal government. we have to have policies that provide the certainty to the private sector, the policies that enable them to grow. again, this is not saying we don't need any regulation but we need to have smart regulations. in california dairy year 2011, 71,000 pages of new regulations were institutessed. the people in the coal industry, when you look at what has happened to them when we could not get cap and trade moved through they are getting decimated. we have to have a vision like ronald reagan said, talking about a new dawn for this american economy. >>neil: congressman, you are among those who were brought in, in the republican avalanche that brought in 83 republicans and that tipped the house of representatives to the republicans and made john boehner speaker. you are in a race if your life with an ad everyone is talking about. the fact of the matter is, republicans seem to not have quite that same wind behind their back. they might get it, and you often remind me, polls are fleeting, but ar
Search Results 0 to 7 of about 8 (some duplicates have been removed)